Dan Sullivan, founder of the exclusive entrepreneurial coaching platform Strategic Coach, distinguishes between those who are in the “Time-and-Effort Economy” with those who are in the “Results Economy.”
What do you suggest I do in terms of saving and investing, i.e., how much should I put up in liquid cash for emergency money and how much in investment money to go towards retirement? I welcome any sage advice on this as I want to do it right while I am young and able to do so.
“First of all, I would like to say that the mentoring program has made all the difference in my business, and has really given me the confidence to move to the next level and beyond, and there’s no stopping me now. Beau’s coaching has been nothing short of incredible, and I greatly appreciate and value his knowledge, expertise and advice. He allows me to formulate my exit strategies, and then makes me aware if there is something I have overlooked, or didn’t think of. His confidence, support, patience, and knowledge have allowed and helped me to tackle deals that I would have missed without mentoring. Beau is an incredible mentor and I really can’t recommend the coaching program enough. If you are serious about your Real Estate business and really want to succeed, the mentoring program will allow you to reach your goals so much quicker than going it alone… I can’t begin to say how incredibly grateful I am to Ron LeGrand for all the education and techniques in Real Estate that he has taught and shared in his courses throughout the years. His insight and commitment into always providing the best for his students never ends, and extends through everyone who works with him. Even today, with the turmoil of the economy and Real Estate markets, Ron is constantly adapting and sharing with his students the latest techniques and strategies that allow them to succeed. Learning and implementing Ron’s programs, and following his advice and teachings has allowed me to change my life forever, for which I am eternally grateful… If you are reading this, then you are fortunate to have been exposed to Ron LeGrand’s teachings. I can’t recommend strongly enough for you to grasp this knowledge, and put it into action as quickly as possible. It is absolutely life changing, and has afforded me the opportunity to change life for my family and I, for the better, forever. Ron’s information coupled with my mentor, Beau Ethridge, allowed me the ability to assess the deals and exit strategies, and go after the good ones (some of which I would have missed otherwise). They will get you where toy need to go as quickly as possible, as long as you are willing to put in the effort. I am so very grateful to Ron LeGrand and to Beau Ethridge for sharing their vast knowledge, teachings, and expertise; and for their support and guidance. With following and implementing Ron’s teachings, you can be just a step away from achieving your financial freedom and dreams. Thank you so very much Ron, and thank you Beau, for your guidance.” Student: Carolyn Francis Mentor: Beau Ethridge
For those who are struggling financially, keep in mind one thing: you’d be surprised how motivated and successful you are when you NEED to succeed. For example, I’m self-employed. I NEED to succeed at being a virtual assistant, and I NEED to succeed at being a blogger, otherwise my husband and I don’t eat! Let the desperation drive you. 🙂
Making a million is easier than saving a million. I remember the day I called my mom and told her that was specifically the day I had earned my first million. Most everyone does it ($25,000 for 40 years is a million dollars) – many do it more than once. But, few ever save a million. It’s not that hard, however. About 80% of America’s millionaires are first generation wealthy. Moreover, more than half of those have never received even $1 in inheritance. Here are a few guiding points that can help you (adapted from Drs. Stanley and Danko’s Millionaire Next Door, 1998):
The promotional video on their homepage is incredibly cheesy. It looks like it was patched together by amateurs offering cheap labor, and in fact, some people have even claimed that they recognized people as actors on Fiverr who sell testimonial services. That’s probably where they bought the voiceover of “Ryan Mathews” that is almost certainly not actually Ryan Mathews.
Serve as an online juror. Some attorneys use large panels of online mock jurors to get feedback on their cases before they go to trial. However, the mock jurors must live in the county or federal district where the case will be tried. You can sign up at a couple of sites and receive e-mail notifications if a case is posted in your area. EJury.com pays $5 to $10 per case via the online payment system PayPal. You can’t be an attorney, paralegal or legal assistant – or even related to an attorney – to participate. EJury says you’re likely to have better luck getting picked if you live in a large metropolitan area, where more cases are tried, rather than a rural area. The average case takes about 35 minutes to review. At OnlineVerdict.com, where cases typically take between 20 minutes and one hour to review, fees range from $20 to $60. Payment is made by check.
Fiverr.com is a micro freelancing site where you can sell any kind of service, from graphic design and coding to writing, signing, drawing, taking pictures of yourself holding a sign, prank calling someone and so on.
“I’m a 29 year old single mother of two. I do not have a regular 9 to 5. I am currently day trading as a living. Prior to discovering Timothy Sykes I played around with a couple other mentors and penny pick sites. Sadly not being taught the basic fundamentals I lost $5500-Terrible! I found Tim’s website in May and now I’m up 50k learning from Tim Sykes. I am extremely grateful for Tim, he is the truth hands down!” – Asheya Burton
It’s kind of a shame because Matt Lloyd the real creator of Mobe has a great backstory and it would be more interesting to hear about that instead of hearing a fake backstory from this guy called Ryan and a bunch of other fake testimonials and reviews.
Yes, you can make money online.I run a few small niche websites. For instance, How to Convert PDF is a tiny site that has free videos on how to convert other types of documents into PDF format. It sells a piece of software called PDF Creator, and I make a few dollars every time someone buys from that site. I promoted the site using pay-per-click ads and it was profitable. Don’t copy me directly, but do find the intersection of people needing help and a tool, ebook, or software program that will help them fix their problem. Then, create a website designed to get them to buy it!
Jamie, I only very recently came across your interviews on YouTube (I think the first one I watched was with MJ DeMarco) but I absolutely love your style; it’s somehow both laid-back and to the point. I’ll definitely be watching more.
Of course, you need to abide by any local laws, rules and regulations. Depending on where you live in the world, this could vary. Also, if you’re not the actual owner of the home, you need to ensure you have the permission of the owner before trying your hand at vacation rentals.
The best thing about making money online is that it typically requires so little overhead – you don’t need an office, you don’t need a garage full of products, you don’t even need to get off the couch sometimes. But while it’s flexible – it’s a ton of work and actually pretty tough.
Scott is brilliant with finances and has the technical skills and experience to get his extremely helpful advice out to all. He is a generous soul wishing to pass along his good fortune to others in the form of what one can do for one’s self in the murky world of finances.”– A. Marie
If you’re in the time and effort economy, you are focused on being busy. You actually believe the amount of time and energy you put into something merits praise. Conversely, when you are in the results economy, you are only focused on achieving a specific result.
Make more money selling photo subjects that have fewer search results but you feel would have some demand. It might be a good idea to test them out in print first yourself (get free photo prints here).
Sponsored Products are advertisements for products sold by merchants on Amazon.com. When you click on a Sponsored Product ad, you will be taken to an Amazon detail page where you can learn more about the product and purchase it.
Forget the 80-hour workweek of being a lawyer. I was working the 100-hour workweek of a real estate investor — and loving every moment of it! Although I stumbled a lot, made a lot of stupid mistakes, spent years working on projects that netted me NO money, and never seemed to actually have any cash to spend, I was excited. I was creating my own future and building wealth and financial freedom at the same time.
You make good points in this post. Millionaires have a different mindset when it comes to money. Millionaires view money as a means to generate more income not as something to be spent on self-indulgent consumption. They don’t see the money itself, but rather the income that the money can produce.
I got laid off a few months back from my accounting job, (was already confident that I knew my way around the web, seo, web design, Google Adwords, etc.) and I offered my services to local businesses.
I am so grateful I found this review of my millionaire mentor. I have to admit I was very nearly sucked in, Yes I am a marketers dream! I can’t believe he is using actors from fiverr to promote his system! Well done on an honest and informative review! I will be sure to steer clear of this scam!
Start today. Get yourself educated. Create a vehicle, or several vehicles, where you put at least 10% of your income. Eventually, your investment vehicle may even start producing more profits for you than your actual business.
When the U.S. Millionaire’s syndicated version debuted in 2002, Fastest Finger was eliminated for the reduced episode length (30 minutes as opposed to the previous network version’s length of 60 minutes). how to become a millionaire grant cardone contestants immediately take the Hot Seat, each of them called in after their predecessors’ games end. Contestants are required to pass a more conventional game show qualification test at auditions; however, when the U.S. Millionaire revived its primetime version for specials, it also restored the Fastest Finger round; this was done in 2004 for the Super Millionaire series which raised the top prize to $10,000,000 and in August 2009 for an eleven-night special that celebrated the U.S. version’s tenth anniversary. Long after the U.S. version eliminated its Fastest Finger round, numerous other versions (including the Australian, Italian, Turkish, British, Russian, Dutch and French versions) followed suit by eliminating their respective Fastest Finger First rounds; additionally, some versions (such as the British, Dutch, French and Russian versions) have eliminated their respective Fastest Finger First rounds for special events wherein celebrities play for charity.